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2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc.

Cgx Energy Inc. · Sep 16, 2010 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 1
    Billion Barrel Resource Potential Offshore Guyana Peters & Co Limited 2010 North American Oil & Gas Conference September 2010
  2. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 2
    Executive Summary CGX Drilling in Highly Prospective Basin with Proven Hydrocarbon System Committed to two wells in next 12 months 27 mm working capital; pursuing JV partners CGX Testing Multi-Billion Barrel Potential…
  3. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 3
    Six Wells Testing Basin Starting Q4 2010 4
  4. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 4
    Proven Hydrocarbon System Light oil at Abary well typed to biodegraded oil onshore Suriname 5
  5. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 5
    CGX Drilling Two Wells in 2011 (7.8 mm acres gross; 6.2 mm net) Georgetown Jaguar 25% WI (Repsol 15%, YPF 30%, Tullow 30%) Turonian Prospect Spud H1 2011 TD 6,500 metres Cost US80 million 1 billion barrel potential Corentyne…
  6. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 6
    Depositional Model for Turonian Berbice Canyon 25 km across 1.3 km deep Turonian Prospect Dimensions Areal extent 200 sq km Thickness 400 m Richards, Bating, Bowman, 1998 7
  7. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 7
    Corentyne Incised Valley Funnels Sands on to Slope (Turonian/Campanian) A Eagle Location B 8
  8. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 8
    Jaguar Well to Test Turonian Trend Eagle Well to Test Eocene Trend Primary Prospects (3D Mapping) Turonian Basin Floor Fan Jubilee Analogy Eocene Turbidites Leads Maastrichtian Sand Abary Blowout Campanian Turbidite Venus…
  9. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 9
    Corentyne PPL 100% CGX Three Prospects and Five Leads Source: Gustavson Associates March 2010 10
  10. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 10
    Metrics of Success /bbl Wellhead Price 83.66 Operating Cost 5.37 Capital Cost 2.20 Government of Guyana Take 40.71 Netback 35.38 NPV10 15.82 NPV20 7.94 Probability of Success 1:5 NPV10 Risked 3.17 NPV20 Risked 1.59 Floating…
  11. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 11
    Prospect Valuation P50 Resource Estimate NPV20 Note: CGX continues to pursue funding through Joint Venture which would reduce the current 25% interest in Georgetown Jaguar and 100% interest in Corentyne Eagle in this scoping…
  12. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 12
    Drilling Considerations Atwood Beacon expected in basin late October Drilling two wells for Murphy and one for Inpex before drilling Jaguar Water depth 80 metres Jackup rigs utilize a dry 13-5/8 BOP Stack Riser Well…
  13. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 13
    Key Management Overview Kerry Sully 40 years experience President Former CEO and Director of Ranchmens Resources CEO and Director Reserve assessments include Iran 1975 Financial modeling Texaco Exploration 1970-73 B.Sc. Chemical Eng,…
  14. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 14
    Other Directors and Officers Denis Clement Director 27+ years experience in corporate finance, law and management Director of a number of public and private resource companies John Cullen Co-founder and Director 27+ years…
  15. 2010 NORTH AMERICAN OIL AND GAS CONFERENCE – Cgx Energy Inc. – slide 15
    Billion Barrel Resource Potential Offshore Guyana (TSX-V: OYL) 168 mm shares o/s 177 mm shares f/d www.cgxenergy.com 16

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